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Sarita Colonia Del Progreso Group
In this Group: Martha, Hilda Marisela, Mercedes, Juliana, Maria Margarita, Alida, Rosemary*, Liliana
* not pictured
Martha is 55 years old. She is married and has seven children, only one of whom still lives at home with her. For one year, Martha has been making trash bags. She used to have a small grocery store but, over time, she saw that she wasn't making very good profits and so decided to change her business activity and start making bags. She used her savings to buy a machine for sealing plastic.

Martha will invest her loan in increasing her capital and buying supplies. She has managed to buy another machine and her dream is to own a plastics company.
View original language description ↓
La señora Martha tiene 55 años D. edad es casada y tiene 07 hijos D. los cuales solo uno vive en casa con ella, desD. hace un año se dedica a la produccion D. bolsas D. basura al inicio ella tenia una pequeña bodega pero con el tiempo y al ver que no tenia muy buenos ingresos decidio cambiar D. rubro y dedicarse a la elaboracion D. bolsas,primero con sus ahorros se compro una maquina selladora D. plastico. El prestamo lo invertira para aumentar su capital y comprar insumos. Hasta el momento a logrado comprar otra maquina y su sueño es poder tener su empresa D. plasticos.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $6,715
    Average annual income
  • 97
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarita Colonia Del Progreso Group's $2,375 loan helped a member to invest in buying supplies for making trash bags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jun 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012